Two companies that provide mental and behavioral healthcare services have merged to form a new company called Peregrine Health, Inc. (Peregrine). The merger was announced today, along with a $7M Series A fundraising round led by BIP Ventures. Peregrine Health is a combination of Integrative Life Network, LLC (ILN) and Integrative Health Centers, Inc. (IHC)….
Ariel Investments buys 58.5% stake in My Code at $400 million valuation
My Code, a company that provides solutions to brands that want to reach diverse audiences, has sold 58.5 percent stake to Project Black, a private equity fund that aims to create more minority-owned businesses. The deal values My Code at $400 million and allows the existing shareholders, including Falfurrias Capital Partners, to retain a minority…
BlueBet reports strong growth in Australia and US markets
SYDNEY, AUSTRALIA: BlueBet Holdings, a leading online sports betting company, has announced its financial results for the fiscal year 2023, highlighting its strong performance in both Australia and the US markets. According to the company’s CEO, Bill Richmond, FY23 was another strong year for BlueBet, as it continued to achieve significant strategic milestones and make…
T-Mobile Opens New Retail Stores in Texas, Creating Jobs and Expanding Network Coverage
T-Mobile, the leading wireless provider in the United States, has announced the opening of 18 new retail stores across Texas in 2023, as part of its ongoing commitment to serve customers and communities in the Lone Star state. The new stores have created about 120 new jobs for the state, and T-Mobile plans to open…
Dell XPS 15 Laptop Review: A Powerful and Portable Workhorse
If you are looking for a laptop that can handle your professional and personal needs, you might want to consider the Dell XPS 15. This laptop is one of the most popular and well-reviewed 15-inch laptops on the market, and for good reasons. Product Review: Dell XPS 13 – A Portable Powerhouse It offers a…
Johnson & Johnson MedTech acquires Laminar Inc. for an upfront $400 million
NEW BRUNSWICK: Johnson & Johnson MedTech, a division of Johnson & Johnson that focuses on medical intervention solutions, announced today that it has completed the acquisition of Laminar Inc., a privately-held medical device company that specializes in eliminating the left atrial appendage (LAA) in patients with non-valvular atrial fibrillation (AFib). The deal was worth $400…
AbbVie to buy ImmunoGen for $10.1 billion, boosting its oncology portfolio
AbbVie Inc. (NYSE: ABBV) announced today that it has agreed to acquire ImmunoGen, Inc. (NASDAQ: IMGN), a biotechnology company focused on developing antibody-drug conjugates (ADCs) for the treatment of cancer. The deal values ImmunoGen at $31.26 per share in cash, or about $10.1 billion in total. The acquisition will give AbbVie access to ImmunoGen’s flagship…
Samsung Glasses: What to Expect from the Upcoming XR Headset
Samsung is reportedly working on a new headset that will compete with Apple’s Vision Pro in the eXtended Reality (XR) market. The device, dubbed Samsung Glasses, will offer a mix of virtual reality (VR), augmented reality (AR), and mixed reality (MR) experiences. But what exactly will Samsung Glasses look like and how will they differ…
What is a Social Responsibility Norm in Business Strategies?
Social responsibility norms turned from a consideration to a necessity. Nowadays, companies recognize the strong impact of their actions on society and the environment. This shift led to a movement to implement social responsibility norms in businesses’ core values. However, many companies aren’t that familiar with these terms, which is why we’ll explain them one…
ASML to appoint Christophe Fouquet as new CEO
AMSTERDAM: ASML Holding NV, the world’s leading provider of lithography systems for the semiconductor industry, announced today that it plans to appoint Christophe Fouquet as its new President and Chief Executive Officer, effective from April 24, 2024. Fouquet, who is currently ASML’s Chief Business Officer and a member of the Board of Management, will succeed…
GEO Group appoints Brian Evans as the new Chief Executive Officer
The GEO Group Inc. (NYSE: GEO), a leading provider of correctional and detention facilities, announced today that its Chief Executive Officer, Jose Gordo, will depart from his role and become an advisor to the Company, effective December 31, 2023. Mr. Gordo will advise the Company on various matters, including litigation, client relations, operational issues, growth…
UK car production surges 31.6% in October, reaching highest level since 2019
LONDON: The UK automotive sector has seen a strong recovery in October, with car production increasing for the eighth consecutive month and reaching the highest level since 2019. According to the Society of Motor Manufacturers and Traders (SMMT), more than 91,500 cars were built in October, a 31.6 per cent increase compared to the same…